United States Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 47247 / January 24, 2003
File No. 3-11017
The Commission entered an Order Instituting Proceedings pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Order") against Eric Peremen (Peremen) based upon his alleged previous criminal conviction The People of the State of New York v. Eric Peremen, Superior Court Information Docket No. 7120/99. The Division of Enforcement alleges that Peremen was sentenced for his conduct on July 18, 2002 by the Supreme Court of the State of New York, County of New York.
In addition, the Division of Enforcement alleges that Peremen previously pled guilty to one count of attempted enterprise corruption based upon his conduct while employed a broker with the brokerage firm Meyers Pollock Robbins, Inc. The Superior Court Information filed against Peremen charged that he took part in a scheme whereby he and others took bribes from a stock promoter and fraudulently sold stock at inflated prices to customers of the firm.
The Division of Enforcement institutes public administrative proceedings pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) to afford Peremen the opportunity to establish a defense to the Order's allegations and to determine what, if any, remedial action is appropriate in the public interest against Peremen.